If you're a long-term investor in the mould of Warren Buffett, you should be aiming to buy ASX stocks that you can hold for at least 20 years, if not longer.
After all, many of Buffett's most famous positions at Berkshire Hathaway, including Coca-Cola and American Express, have been portfolio staples for far longer than two decades.
With that in mind, here are three ASX stocks that I think any investor can buy today with the reasonable expectation that they will continue to grow and prosper until 2044 and beyond.
3 ASX stocks to buy today and hold until 2044
Coles Group Ltd (ASX: COL)
First up is a company most of us would be familiar with in Coles Group. Coles is a great long-term stock to buy, in my view, thanks to its nature as a leading provider of goods that we all need to consistently buy.
None of us can do without the food and household goods that Coles sells. As long as this company continues to be one of the lowest-cost places to get these life essentials, it will be a solid place to invest your cash.
Coles has done a great job of building market share over the past 12 months or so at the expense of its arch-rival Woolworths Group Ltd (ASX: WOW). This company also has a great track record of raising its annual dividend payments. For these reasons, I think Coles is a great candidate for a long-term investment today.
Vanguard Australian Shares Index ETF (ASX: VAS)
Next, we have an ASX exchange-traded fund (ETF) in VAS. The Vanguard Australian Shares ETF is the ASX's most popular index fund. It represents an investment in the largest 300 companies on the ASX through its benchmark S&P/ASX 300 Index (ASX: XKO).
The beauty of an index fund as a long-term investment lies in its simplicity. VAS can be counted on to always hold the largest 300 shares on the ASX, whatever they may be at any given moment.
If a company has a bad year or two and falls out of the ASX 300, it will just be replaced with another whose fortunes are on the ascendency. This paradigm inherently makes VAS an investment you can buy and hold for decades without losing any sleep. Its nature means that it automatically nurtures the winners and weeds out the losers.
Goodman Group (ASX: GMG)
To finish, let's discuss the real estate investment trust (REIT) Goodman Group. Goodman has impressed me for many years with its future-facing outlook. This REIT has been enthusiastically investing in the infrastructure of tomorrow. Its portfolio of assets includes cloud-hosting data centres, tech workshops, transportation hubs, and e-commerce warehouses.
Goodman has an exceptional track record of delivering shareholder returns, with its units up more than 150% over the past five years. With this track record, coupled with an exciting portfolio pipeline, I think this company is another stock to buy today and hold for at least the next two decades.
